Frozen Meat Market Analysis: Growth, Size, Share & Future Trends (2024-2029)
The market report offers a detailed analysis segmented; by Type (Chicken, Beef, Pork, Seafood, Others); by Distribution Channel (Food Services, Retails, Hypermarkets/Supermarkets, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The frozen meat market is estimated to be at USD 24,970.12 Mn in 2024 and is anticipated to reach USD 29,760.32 Mn in 2029.
- The frozen meat market is registering a CAGR of 3.57% during the forecast period of 2024-2029.
- The global frozen meat market is experiencing robust growth due to the increasing consumer demand for convenient and long-lasting meat products. With busy lifestyles and the need for easy meal preparation, frozen meat is becoming a staple in households worldwide. Technological advancements in freezing techniques are ensuring better preservation of meat quality, taste, and nutritional value.
Request a free sample.
Ecosystem
- The participants in the global frozen meat industry are always developing their strategies to preserve a competitive advantage.
- Leading companies are focusing on product differentiation by offering a variety of frozen meat options, including organic, grass-fed, and specialty cuts. This strategy helps them cater to diverse consumer preferences and maintain a competitive edge.
- Several important entities in the frozen meat market include Kerry Group; Tyson Foods, Inc.; Verde Farms, LLC; Marfrig Global Foods S. A.; Cargill Inc.; and others.
Findings
| Attributes | Values |
|---|---|
| Historical Period | 2018-2022 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Market Size (2024) | USD 24,970.12 Mn |
| Market Size (2029) | USD 29,760.32 Mn |
| Growth Rate | 3.57% CAGR from 2024 to 2029 |
| Key Segments | Product Type (Frozen Processed Meat, Frozen Whole Cut); Type (Chicken, Beef, Pork, Seafood, Others); Distribution Channel (Food Services, Retails, Hypermarkets/Supermarkets, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | Kerry Group; Tyson Foods, Inc.; Verde Farms, LLC; Marfrig Global Foods S.A.; Cargill Inc. |
| Key Countries | The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa |
| Largest Market | North America |
Get a free quote.
Trends
- Technological Innovations in Freezing Methods: Innovations in freezing technologies, such as cryogenic freezing and individual quick freezing (IQF), are improving the quality and shelf life of frozen meat products. These advancements allow for better preservation of texture, flavor, and nutrients, meeting consumer demands for high-quality frozen meat.
- Sustainability and Eco-Friendly Packaging: There is a growing emphasis on sustainable and eco-friendly packaging solutions in the frozen meat market. Manufacturers are exploring recyclable and biodegradable packaging options to reduce the environmental impact and appeal to environmentally conscious consumers.
- Focus on Health-Conscious Offerings: Health-conscious consumers are increasingly opting for healthier frozen meat products, such as lean cuts and organic meat. This shift is leading manufacturers to innovate, introducing options like low-sodium and preservative-free frozen meats to cater to the growing preference for nutritious and high-quality products.
Speak to analyst.
Catalysts
- Increasing Consumer Demand for Convenience: The busy lifestyles of consumers, especially in urban areas, are driving the demand for convenient food options like frozen meat. The ability to store meat for extended periods without compromising quality is a key factor contributing to market growth.
- Globalization and Changing Dietary Habits: As global dietary habits continue to diversify, consumers are seeking a broader variety of meat products from different regions. Frozen meat plays a crucial role in this trend, offering convenient access to a wide array of meat that might not be readily available locally. In the US, consumers have increasingly turned to frozen meat to access products like Australian lamb or Japanese Wagyu beef, which are not commonly available in local markets.
- Advancements in Cold Chain Logistics: Improved cold chain logistics ensure that frozen meat products maintain their quality throughout the supply chain. This is critical for meeting consumer expectations and expanding the market, particularly in regions with challenging climates.
Inquire before buying.
Restraints
- Fluctuating Raw Material Prices: The volatility of raw material prices, particularly meat, can impact the cost structure of frozen meat products. This poses a challenge for manufacturers in maintaining profitability while offering competitive pricing.
- Environmental Concerns: The environmental impact of frozen meat production, packaging, and transportation is a growing concern. High energy consumption for freezing and storage, as well as the use of non-recyclable packaging, are areas of concern that the industry must address.
- Competition from Fresh Meat Products: Despite the convenience of frozen meat, there is strong competition from fresh meat products, which are often perceived as being of higher quality. This perception can limit the growth potential of the frozen meat market in certain segments.
Personalize this research.
Hotspot
Explore purchase options.
Table of Contents
| 1. Introduction 1.1. Research Methodology 1.2. Scope of the Study 2. Market Overview / Executive Summary 2.1. Global Frozen Meat Market (2018 – 2022) 2.2. Global Frozen Meat Market (2023 – 2029) 3. Market Segmentation 3.1. Global Frozen Meat Market by Type 3.1.1. Chicken 3.1.2. Beef 3.1.3. Pork 3.1.4. Seafood 3.1.5. Others 3.2. Global Frozen Meat Market by Distribution Channel 3.2.1. Food Service 3.2.2. Retail 3.2.3. Hypermarket/ Supermarkets 3.2.4. Others 4. Regional Segmentation 4.1. North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2. South America 4.2.1. Brazil 4.2.2. Argentina 4.2.3. Colombia 4.2.4. Chile 4.2.5. Rest of South America 4.3. Asia Pacific 4.3.1. China 4.3.2. India 4.3.3. Japan 4.3.4. South Korea 4.3.5. Rest of Asia Pacific 4.4. Europe 4.4.1. The UK 4.4.2. Germany 4.4.3. Italy 4.4.4. France 4.4.5. Spain 4.4.6. Rest of Europe 4.5. The Middle East 4.5.1. Turkey 4.5.2. UAE 4.5.3. Saudi Arabia 4.5.4. Rest of the Middle East 4.6. Africa 4.6.1. Egypt 4.6.2. South Africa 4.6.3. Rest of Africa 5. Value Chain Analysis of the Global Frozen Meat Market 6. Porter Five Forces Analysis 6.1. Threats of New Entrants 6.2. Threats of Substitutes 6.3. Bargaining Power of Buyers 6.4. Bargaining Power of Suppliers 6.5. Competition in the Industry 7. Trends, Drivers and Challenges Analysis 7.1. Market Trends 7.1.1. Market Trend 1 7.1.2. Market Trend 2 7.1.3. Market Trend 3 7.2. Market Drivers 7.2.1. Market Driver 1 7.2.2. Market Driver 2 7.2.3. Market Driver 3 7.3. Market Challenges 7.3.1. Market Challenge 1 7.3.2. Market Challenge 2 7.3.3. Market Challenge 3 8. Opportunities Analysis 8.1. Market Opportunity 1 8.2. Market Opportunity 2 8.3. Market Opportunity 3 9. Competitive Landscape 9.1. Kerry Group 9.2. Tyson Foods, Inc. 9.3. Verde Farms, LLC 9.4. Marfrig Global Foods S.A. 9.5. Cargill Inc. 9.6. Company 6 9.7. Company 7 9.8. Company 8 9.9. Company 9 9.10. Company 10 |
Know the research methodology.
Frozen Meat Market – FAQs
1. What is the current size of the frozen meat market?
Ans. In 2024, the frozen meat market size is USD 24,970.12 Mn.
2. Who are the major vendors in the frozen meat market?
Ans. The major vendors in the frozen meat market are Kerry Group; Tyson Foods, Inc.; Verde Farms, LLC; Marfrig Global Foods S.A.; Cargill Inc.
3. Which segments are covered under the frozen meat market segments analysis?
Ans. The frozen meat market report offers in-depth insights into Type, Distribution Channel, and Geography.